Harbour Group acquired GranQuartz Holdings, LLC, Jeff Fox, Harbour Group’s chief executive officer, announced today. Terms of the transaction were not disclosed.
GranQuartz, founded in 1971 in Tucker, Ga., is the country’s largest provider of tools, equipment, and accessories to the natural and engineered stone industry. The company is a one-stop shop for stone fabricators, with a focus on residential applications. A catalog of over 6,000 products meets the needs of stone-working professionals at every stage of the process, from fabrication through installation and ongoing maintenance requirements. To support its 10,000 customers, GranQuartz utilizes a diverse multi-channel system that includes the largest technical field sales force in the industry, six retail and distribution centers, catalogs, telemarketing and an e-commerce engine.
Mr. Fox said, “GranQuartz is an exceptional business that has clearly set itself apart. Not only do they have an outstanding sales organization, but also the broadest product offering, which includes an extensive new product development effort. They continue to lead the industry with next-day delivery and the expansion into CNC tooling for automated fabrication. Peter de Kok and his team have built a great business with a well-crafted strategy. We look forward to working with this team and supporting them through the next phase of their growth. Based on our experience and other investments in the industry, we can confidently say that GranQuartz is among the premier names in the world in this sector.”
“Harbour Group demonstrated strong operational and industry experience throughout this process,” Peter T. de Kok, founder and chief executive officer of GranQuartz, commented. He continued, “This experience, combined with their ability to move quickly and in a straight-forward manner, assured me and the management team that they were well suited to continue the leadership of GranQuartz going forward. We spent over 35 years building this company to what it is now, and it was only after we were confident that our customers, our vendors, and our team would benefit from this transaction, that we decided to commit.”
Harbour Group is a privately owned company based in St. Louis, Missouri. Harbour Group and its operating companies are engaged in the manufacture and distribution of a wide variety of consumer and industrial products, including decorative kitchen and bath hardware, specialty LED systems, linear actuators and switches, automotive-enthusiast products, lubricating systems and equipment, abrasives, diamond cutting products and related tools, entertainment and music products, and auxiliary plastic processing equipment. Since its founding in 1976, Harbour Group has acquired 158 companies in 34 different industries.
